Main Street Capital: 1Q Earnings Snapshot
Main Street Capital: 1Q Earnings Snapshot
HOUSTON (AP) _ Main Street Capital Corp. (MAIN) on Thursday reported first-quarter profit of $41.4 million.
On a per-share basis, the Houston-based company said it had profit of 67 cents. Earnings, adjusted for investment gains, came to 64 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The investment firm posted revenue of $61.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $60 million.
Main Street Capital shares have risen 17% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAIN at https://www.zacks.com/ap/MAIN
